Room rent or mobile visits, a cash-heavy trade and low overheads. Many reflexologists work part-time, so here's how Making Tax Digital for Income Tax applies to you, and when it starts.
MTD for Income Tax phases in by gross income before expenses. Many reflexologists work part-time and sit under £30,000, so the £20,000 step is the one to watch.
With few costs, your records are simple: your treatment income and your room rent or mileage. Logging each treatment as you're paid means your quarterly update is a quick review, whenever you come into scope.
When you're in scope, your annual Self Assessment return is replaced by four short quarterly updates and a year-end final declaration, all through recognised software.
Log each treatment as you're paid so a cash-heavy week is fully recorded.
Cash treatments still count. Log each as you're paid and your records stay complete for the quarter.
Room rent or travel to clients is your main cost. Record whichever applies so your margin is clear.
Few costs mean simple records. A quick log per treatment keeps you compliant without the admin creeping up.
Insurance and professional membership are deductible. Keep them recorded so nothing is missed.
Light on admin is how it should be. Clear Books keeps your income and few costs tidy and gives HMRC exactly what MTD needs, whenever you're in scope.
Record treatments and costs as you go, watch your gross against the thresholds, and be ready to submit when your wave lands.
